That's a market that's not accesible for most of us. As usual the filthy riches can get these low hanging fruits as you call them but we can't nothing but peanuts.
I hope GBTC dies soon and never get converted in an ETF. They've to disappear, they've been nothing but a roadblock towards better investment vehicles.
Sorry, I'm a bit nervous these days.
Direct ownership of BTC is a better product, so I don't understand why you give very many shits about rich fucktwats are using to get their BTC exposure.
Hey, don't get me wrong, if you are enrolled in some financial program in which one of the options is GBTC, then sure, you might want to play around with that, including the taxed deferred aspect, but there is more to bitcoin than merely something that could be taxed deferred.. and sure, as an individual, you could set up part of your BTC funds for direct management and taxed deferred as well.. if you were to want that kind of option, which would take some fees to set up and get used to how to do it without violating rules related to that (and those rules are likely to change from time to time, too.. and perhaps even differ state by state and jurisdiction by jurisdiction if outside of the USA).. .
having a foot in both worlds can give you options too.. but there are constant developments in bitcoin as well in terms of potentially having your foot in a variety of words, whether we are talking about various kinds of onchain holding of bitcoin, holding bitcoin through various third parties that are available to you or holding bitcoin on lightning network..
On a a personal level I have never even really thought about whether or not I could get exposure to buying BTC through GBTC, whether directly or on secondary markets, and I don't feel like I am missing anything either, even though I know that there are various ways that I could purposefully cause my lil selfie to get access to GBTC.. but why the fuck would I want to jump through a bunch of hoops and to thereafter feel that I am getting more value.. such purported extra value of such an option is not really that tangible in my thinking Karartma1 even though you want to whine about something that you are feeling as something you are missing out on.. .
Oh and another thing.. one of the greatest as fuck things about bitcoin for poor people who might only have had $5 a week of extra potentially investable income (but actual knowledge of bitcoin and willing to invest directly into bitcoin), is that they could have actually been buying BTC and if they had been doing that for the past 9 years, since 2012,
they would already have stacked up about 15 bitcoin (even though they had only invested $2,350 during that time. and pretty damned great front-running returns with a current value of about $710k ... and fuck GBTC.. who gives any shits because this kind of an of insightful poor person could actually held and managed their bitcoin directly and in ways that they can really say fuck you with it..
Quite a great way for poor people to front run the fuck out of both less flexible folks who are invested in financial products and to also front run status quo rich folks who have had little to no clue about bitcoin but they have traditionally had desires to lock normies out of investment opportunities that have only traditionally been available to the status quo connected folks..so part of the power of bitcoin is not needing that kind of insider access (but insider knowledge about bitcoin is good and abilities to excercise long term HODLer thinking and persistent accumulation would have been powerful, even though not many poor peeps have that kind of discipline, either.. even though it would be in their capacities to hone such skills, even with a 7th grader level of formal education).
